Lumax Industries, the leader in automotive lighting and illumination products, hit a record high of Rs 1,584, up 16% to Rs 1,584 on expectation of good growth in the current financial year, with the new orders in pipeline.

While announcing March quarter results on May 15, the company said it had received orders to supply new age head lamps and rear lamps from Maruti Suzuki, Honda Cars, Honda Motorcycles, Suzuki Motorcycles & Tata Motors.

The company has undertaken an expansion at its Sanand facilities with a capital outlay of about Rs 100 crore, which is expected to commence operations from November 2017. The capex has been funded through internal accruals.

On June 6, Birla Sun Life Mutual Fund (149,034) and Birla Mutual Fund Scheme (148,429) had purchased 297,463 shares of SSWL at price of Rs 885 per share.

PPAP Automotive up 5% to Rs 397, extending its past one month 35% rally on BSE. The company a leading manufacturer of automotive sealing systems, interior and exterior automotive parts said its earnings before interest, tax, depreciation and amortization (EBITDA) margin improved from 16.71% in Q4FY16 to 21.26% in Q4FY17.

The company has recently added Hyundai Motor India Limited as a new customer. It would be manufacturing automotive sealing parts like outer belts for them.

“Going forward, as the new capacities go on stream, the company will be able to better cater to its clients as well as push for higher wallet shares by increasing the number of parts per OEM. As revenues from IM parts being supplied to Maruti increase, revenues will also increase (revenues for IM parts in general fetch higher realizations than ASS),” analyst at Prabhudas Lilladher said in result update.